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IN BRIEF: Aston Martin Prices Note Offering As Annual Loss Widens
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BAE Systems PLC, Anglo American PLC and Primark owner Associated British Foods PLC set for Thursday s spotlight
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Aston Martin owner Lawrence Stroll has reportedly increased his controlling stake in the Formula 1 team after Kuwaiti investors reduced their shareholding.
The Canadian billionaire first bought into Aston Martin Lagonda Global Holdings last year, keen to revamp both the brand s image and its car range. The consortium he led invested north of £180 million in return for a 16.7% stake in the company.
As part of the deal, Stroll s F1 team, Racing Point, rebranded to Aston Martin for the 2021 season.
And according to reports in the Arabian news, Stroll has now increased his stake further after Adeem/Primewagon reduced their shares to become a minority owner.
Stroll reportedly increases Aston Martin ownership PlanetF1 22/02/2021
Aston Martin shareholder Lawrence Stroll has strengthened his control of Aston Martin, according to reports.
The Canadian billionaire first bought into Aston Martin Lagonda Global Holdings last year, keen to revamp both the brand’s image and its car range. The consortium he led invested north of £180million in return for a 16.7% stake in the company.
As part of the deal, Stroll’s Formula 1 team Racing Point rebranded to Aston Martin for the 2021 season.
And according to reports in the Arabian news, Stroll has now increased his stake further after Adeem/Primewagon reduced their shares to become a minority owner.
Lawrence Stroll reportedly increases Aston Martin ownership
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